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China's met coke price tussle re-emerges after holiday

sxcoal.com Price,  Production & Sales 2023-01-29 10:53:24

China's metallurgical coke market saw a fresh price tussle between coke producers and steelmakers after the seven-day Spring Festival holiday.


Some steel mills in Shandong, Hebei, Shanxi, and Tianjin requested to cut coke prices by 100-110 yuan/t owing to tepid demand.


However, some coke producers in Inner Mongolia proposed to raise Grade II coke prices by 100 yuan/t due to coking coal supply shortfall during the holiday, high logistics costs, and sustained coke-making losses.


Major coke firms and steelmakers have yet to take a stance so far.


Sxcoal's tracking data showed coking coal stocks held by the surveyed coking plants could cover 9.27 days' worth of usage on January 25, down 4.21 days from a week ago. The capacity utilization of 88 surveyed miners fell 5.25 percentage points to 70.70% on the same day.


(Writing by Emma Yang  Editing by Harry Huo)
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